And who buys Russian hydrocarbons... WESTERN EUROPE (& China)
84% of their 7.2Mmbopd went to European countries - particularly GERMANY @700Mbopd (check the chart)
Likewise Natural Gas exports with Germany (24%), Eastern Europe (24%), Turkey (19%), Italy (11%), UK (6%), France (5%) and other Western Europe (10%),
Can't see old Angela supporting EU initiative to boycott Russian Hydrocarbons - for that matter can't see the EU even putting forth such a proposal. Hollow sanctions such as travel bans ... who cares. Asset freezes may hurt a little.
Might not be as price disruptive as one thinks. Shooting war on the other hand....
How much of ROC's production is hedged and how much is spot?
ROC Price at posting:
46.5¢ Sentiment: None Disclosure: Not Held